Mr Family Office Profile picture
Feb 2, 2023 β€’ 17 tweets β€’ 4 min read β€’ Read on X
Looking for a career change? The #FamilyOffice industry could be the right for you.

From investment advisors to gardeners, a 🧡 on the jobs and salaries in the Family Office world.

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#familyoffice #career #job #jobsearch Image
Investment Advisor/Manager: These professionals are responsible for managing the investment portfolios of the clients and ensuring their wealth grows.

Typical salary range of $80,000 to $250,000.
Wealth Strategist: They help families create and implement a wealth plan that aligns with their long-term goals and values.

Typical salary range of $150,000 to $300,000.
Tax Specialist: These professionals help clients with tax planning, compliance and preparation.

Typical salary range of $70,000 to $200,000.
Estate Planner: They help clients with estate planning, including will preparation and asset distribution.

Typical salary of $100,000 to $250,000.
Philanthropy Advisor: They assist clients in identifying their charitable goals and help them to implement them.

Typical salary range of $70,000 to $200,000.
Operations Manager: They are responsible for the day-to-day operations of the Family Office and ensure the smooth running of its various departments.

Typical salary of $80,000 to $200,000.
Compliance Officer: They ensure that the Family Office complies with all relevant regulations and laws.

Typical salary range of $70,000 to $150,000.
Human Resource Manager: They are responsible for managing the HR functions of the Family Office and ensuring that employees are well taken care of.

Typical salary of $80,000 to $200,000.
Marketing & Communications Manager: They are responsible for promoting the brand and services of the Family Office and building relationships with clients.

Typical salary range of $70,000 to $200,000.
Chef: A professional chef is responsible for preparing meals for the family, entertaining guests and ensuring that their dietary needs are met.

Typical salary range of $50,000 to $150,000.
Gardener: They maintain the grounds and gardens of the property, ensuring that they are always in pristine condition.

The typical salary of $40,000 to $100,000.
Childcare Provider: They are responsible for the care and upbringing of the children in the family, including schooling, extracurricular activities and providing a safe and nurturing environment.

Typical salary range of $40,000 to $150,000.
Personal Assistant: They provide administrative and personal support to the family, including scheduling appointments, managing emails and ensuring that their daily needs are met.

Typical salary range of $50,000 to $150,000.
Housekeeper: They maintain the cleanliness and organization of the family's residence, ensuring that everything is in order.

Typical salary range of $30,000 to $70,000.
Driver: They are responsible for transporting the family and guests, ensuring that they arrive at their destination safely and on time.

Typical salary of $40,000 to $100,000.
If you found this interesting, please like and follow for Family Office news, job postings and gossip!

@MrFamilyOffice

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More from @MrFamilyOffice

Apr 8
Family offices are not built the same

From conservative allocators to bold venture capitalists

7 investment blueprints:
1/ πŸͺ„ The Legacy Steward:

Endowment Portfolio Archetype

- 3rd, 4th gen+, $3B-$5B+ AUM
- Pursues endowment-like structure
- Prioritizes max diversification & asset retention
- Protecting wealth major focus

Real-life example: Cargill & MacMillan Family Office
2/ 🎯 The Hands-On Investor:

Direct Investment Portfolio Archetype

- Avoids stock market & investment funds
- Mixes real estate & private equity strategy
- Seeks control & diversification

Real-life example: Koch Industries
Read 9 tweets
Sep 29, 2023
Just released:
the latest comp packages at family offices

Are you wildly overpaid or chronically underpaid Image
CEO/President Image
CFO Image
Read 23 tweets
Jul 17, 2023
How family offices around the world incentivize their people

A look around the world

the leaders
the laggards
the surprises

β†’ USA
β†’ UK
β†’ Europe
β†’ Asia
β†’ Middle-East
USA:

> leading the world in long-term incentive plans
> strong on co-investing opportunities
> carried interest a feature of the US sector Image
UK:

> Just 18% of FOs offer long-term investment plans
> Of those, 50% offer co-investing opportunities Image
Read 7 tweets
Jun 23, 2023
Where are family offices located:

β†’ the one city dominating European family offices

β†’ the Asian locations playing catch-up with Singapore

β†’ the Middle East country with 76% of the region's family offices

β†’ the powerhouse US state for family offices and its rising star

πŸ‘‡
Europe:

The UK is dominating the family office scene with 62% of European family offices reporting the UK as their primary location

85% of UK family offices are based in London
15% are mostly spread across Jersey, the Isle of Man, Berkshire, Buckinghamshire, Cambridge
Asia:

Singapore is winning the battle for family offices in Asia, with 59% of family offices located there
Read 6 tweets
Jun 22, 2023
How to close more deals with:

- family offices
- PE
- VC

Implement a proactive due diligence strategy

The steps you should take: ⏬
1/ 🚨 Disclose potential conflicts and risks:

Be upfront about any issues or risks that may impact the deal

Any skeletons in the closet will be discovered during DD, so it's better to be open and transparent from the outset: It establishes trust and ultimately saves time
2/ πŸ“ Prepare comprehensive documentation:

Gather and organize financial records, contracts, corporate governance documents, and relevant policies. Establish a secure and well-organized data room

90% of your data room can be prepared before a single DD question is asked
Read 12 tweets
Jun 20, 2023
Family offices - latest hiring and comp data:

β†’ How many family offices are hiring
β†’ What areas are family offices hiring for
β†’ Staff turnover
β†’ The recruiting challenges
β†’ Compensation plans
β†’ Planned bonuses

Survey results πŸ‘‡
53% of FOs are planning to hire in 2023

The areas FOs are hiring: Image
Participants were asked if they were
experiencing higher-than-usual voluntary
turnover

Almost 90% reported no increase in resignations

Voluntary staff turnover: Image
Read 8 tweets

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